The Beauty Health Co. Up 18.8% To $4.63 After Earnings Meet

Beauty Health Co (SKIN) missed earnings estimates for Q4 2023 this afternoon.

Wall Street earnings per share (EPS) projections for The Beauty Health Co. were at a loss of $0.07 per share. The company missed those estimates with an EPS loss of $0.07 per share. The loss of $0.07 per share (which represents a -0% EPS surprise) led to the company's profits falling 240% compared to last year when the firm reported an EPS of $0.05. The decline in The Beauty Health Co.'s annual growth rate represents how the business isn't performing well amid current economic conditions.

Consensus estimates for The Beauty Health Co. revenue averaged out to $87.6 million, with the business managing to beat those expectations with reported fourth-quarter revenue of $96.8 million. The $9.2 million (10%) positive revenue surprise led to negative 1% growth year-over-year as the firm reported revenue of $98.1 million in its year-ago quarter. The lower earnings growth compared to revenue points to The Beauty Health Co. not being able to improve its profit margin.

The stock is up 18.8% to $4.63 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

Trading in the five days leading up to the report earned The Beauty Health Co. a Bearish Sentiment Rank from InvestorsObserver.

The Beauty Health Co. has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 22, putting The Beauty Health Co. in the bottom 25% of stocks. The firm set a 52-week low on November 14, 2023 at $1.35 and set a 52-week high on April 20, 2023 at $13.9.

The Beauty Health Co is a category-creating beauty health company focused on bringing innovative products to market. The company's flagship brand HydraFacial is a non-invasive, and approachable beauty health platform and ecosystem with a powerful community of estheticians, consumers and partners, bridging medical and consumer retail to democratize and personalize skin care solutions for the masses. Geographically, it derives a majority of revenue from the Americas.